Sharpen your Finance Fundamentals

An effective business manager is one who understands the impact of his actions on the financials of the organization.  Finance is the common language for communicating the performance measurement for all departments of the organization. This requires the business managers to be more finance savvy, in order to understand, present, drive and measure business plans in terms of financial figures.

Objectives:

  • To equip the business managers in different functional areas with the basic knowledge offinance
  • To understand financialjargons and converse better with the Finance function
  • To understand the business implications on financial results
  • To enable better decision-making by anticipating the financial consequences

Modules covered:

Basics of financial accounting

  1. Introduction to finance
  2. Generally Accepted Accounting Principles
  3. Accounting vs Finance
  4. Balance sheet
  5. Income Statement
  6. Cash Flow Statement
  7. Net Profit versus Net Cash Flow

Business Performance Indicators

  • Financial Ratios
  • Analysis

Working capital management

  • Operating cycle
  • Components of working capital
  • Working Capital Management

Cost Information for decision making

  • Cost concepts including discussion on marginal costing
  • Some important definitions and Decision making scenarios

Budgeting

  • Need and Approaches for budgeting
  • Budgetary control process
  • Capital Budgeting Techniques